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General Motors tries to recover some losses - Analysis - 29-03-2018
General Motors' stock (GM) rose in the intraday levels, scoring a profit of 1.72% in the last session, or 0.60 points, amid negative pressure from the 50-day SMA, while settling below the resistance of 35.69, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 24.62 to 46.76), as the stock tries to recoup some past losses.
Therefore we expect the stock to return lower, as long as it settles below 35.69, targeting the support of 33.08.
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Midday update for Litecoin 29-03-2018
Litecoin price succeeded to reach to our main waited target at 120.00, showing more of the negative signals that supports the chances for the continuation of the bearish bias, opening the way for targeting the recorded top at 89.02.
MoreMidday update for Ripple 29-03-2018
Ripple price settles below 0.56 level, reinforcing the expectations for achieving more of the downside moves on the intraday and short term basis, opening the way towards visiting 0.41 level that represents our next main station, taking into consideration that breaching 0.58 might push the price to achieve some intraday gains before resuming the overall bearish trend.
MoreMidday update for Ethereum 29-03-2018
Ethereum price keeps moving lower to approach from 400$ barrier now, reinforcing the expectations for the bearish trend continuation on the intraday and short term basis, pointing that our next main target located at 310.00, and the organized trading within the bearish channel supports the chances for achieving the mentioned target, while holding below 565.54 represents an important condition for the continuation of the expected decline.
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